Holly Hill issued a promissory note for the mortgage to Rogers and Blythe, a couple of months later Rogers and Blythe took out a loan from Charter Bank of Gainesville. In order for Rogers and Blythe to secure the loan they took out from Charter Bank they had to transfer the promissory note they had created with Holly Hill. Sometime later Rogers and Blythe defaulted on the loan. Charter Bank sued in order to recover on the Holly Hill’s promissory note.…
Case Activities 3 Discharge in Bankruptcy In this case, Joseph Harman, the president of Carter Oaks Crossing was loaned $400,000 by Caroline McAfee. Harman signed a promissory note that specified the company would repay the amount of the loan with interest in installments in which the installments would begin in 1999 and end in 2006. Harman signed a personal guaranty with the promissory note. Carter Oaks Crossing eventually defaulted on the note causing McAfee to sue Harman for payment under the guaranty.…
RELATED CASES: None SUPPORT DOCUMENTS: Eight Pages Bank Of America Fraud Affidavit/Transaction History. On 12/09/2015, Sandra Agrait contacted the Pasco Sheriff`s Office by telephone to report fraudulent use of her Bank Of America ATM/Debit Card ending in 5457. Ms. Agrait advised she reviewed her bank account transaction history and observed two unauthorized cash withdrawals that she did not make. She said her houseguest, Timothy Midkiss took her debit card out of her wallet, used it to make the cash withdrawals and returned it to her walle without her knowledge or permission.…
Christopher Davis Professor Kerry L. Myers, JD, CFE BUL 3320 20 January 2017 Breach of NDA Resulting in Punitive Damages Nolo Dictionary describes a Nondisclosure Agreement as “A legally binding contract in which a person or business promises to treat specific information as a trade secret and not disclose it to others without proper authorization” (Nolo). On May 27, 2008, the Honorable David H. Coar issued an Opinion and Order on the RRK Holding Company v. Sears, Roebuck and Co., in which Sears was used as a $25 Million example of the Uniform Trade Secrets Act (No. 04 C 3944 Document #329). The case started in 1997 when Sears wanted RRK, a tool company, to manufacture a new type of spiral saw for their Craftsman Brand.…
The U.S. Supreme Court first upheld the EEOC Guidelines on Sexual Harassment in 1986 (Meritor Savings Bank v. Vinson, 1986). In the Vinson case, the plaintiff, a bank teller, complained that she felt pressured to engage in unwanted sexual relations with her supervisor. The unwanted sexual relationship extended for several years and included lunchtime trysts at a nearby hotel. The plaintiff claimed that she was coerced into the relationship because of the supervisor’s power over her employment, even though there was no evidence of explicit threats by the supervisor. There was evidence that she did not initiate the sexual relationship and was seriously distressed by it.…
5.1 Liquidated Damages: • Due to the contract being sucked away in the aftermaths of Hurricane Llewelyn, it is unknown whether the contract had a liquidated damage clause. (2-718) • If it did, we would be required to determine if the liquidated damage clause caused a penalty or not on the breacher 5.2 Expectation • The goal of the expectation damage would be to put MJC where they would have been had NSH performed. To do that you must take the difference of the market price at the time when the buyer learned of the breach and contract price (8,000*12= 96,000) together with any incidental and consequential damages, but less expenses saved in consequence of the seller’s breach. (§2-713) 5.3 Specific Performance: • MJC has the right to demand…
If I were in Harry Lewis’s position, I would make the decision to file for bankruptcy for FSI. There are a couple of different reason I would choose bankruptcy, rather than taking the deal from the private investor. Some of those influencing factors include; the current problems the company is facing, investors, ethics, and the union. FSI is facing some big problems starting out the new quarter that affect the future of the company. One of the biggest problems the company was facing was their prior years’ loss of a $141 million from a bad investment in a coal mine.…
The United States Army Airforce was an integral part of finally putting an end to the Second World War. Japan’s unconditional surrender in August of 1945 was a joint effort by multiple countries. However, in the end it was 2 Army Airforce B-29 bombers that delivered the final blows of WWII when they dropped the first 2 combat atomic bombs. Those historic aircraft were named the Enola Gay, and Bockscar.…
Hi Quinton, I like your point of view of the bankruptcy part. The court should never disqualify a person who filed a bankruptcy. Someone who filed bankruptcy doesn’t mean they are not trustable and reliable in the decedent’s view. The court should not judge someone’s relationship to the decedent based on a filed bankruptcy. If that’s the decedent’s wish, the court should have appointed if there is no other reason to disqualified.…
Bankruptcy is when you have no money or value at all. “In the United States, early federal bankruptcy laws were temporary responses to bad economic conditions. The first official bankruptcy law was in 1800 in response to land speculation, but it was repealed in 1803. Also in 1841, a second bankruptcy law was passed, but this law was quickly repealed in 1843. ” Bankruptcy is important because when a debt is removed as part of a bankruptcy process, we would then say that the debt is dismissed.…
World War 2 revolutionized aviation immensely, all countries dedicated a large amount of their funds and time to produce the best planes they could possibly produce for the war. It was established that very early in the war that airplanes would play a critical role. Airframes, avionics, the use of turboprop and jet engines were all introduced during the war. This war caused a huge push towards modern aviation today, and started a golden age for airplanes, which occurred in the 1950’s.…
Reflection Paper #2 During this week’s discussions the focus was on Chapter 3 “Philosophical Ethics and Business”. What I found Interesting was the ethics behind Jestgo Corporation bankruptcy case. In class we spent time on the different ethical theories that can be applied to this case, however, I wanted to look at the case profoundly and relate it to the ethical theories we were taught.…
• SunE Sky 13th Sideroad, LP (“SunE Sky” or the “Borrower”), a bankruptcy-remote limited partnership between SunEdison, LLC (“SunEdison”) (NR) and SkyPower Limited (“SkyPower”) (NR) (the “Sponsors”), owns and operates the 13th Side Road Solar Energy Project (the “Project”) - an 8.0 MWac PV solar project that was constructed pursuant to Ontario’s Renewable Energy Standard Offer Program (“RESOP”) and sells the energy output to the Independent Electricity System Operator (the “IESO”) (Aa2; SFS 2) pursuant to a 20-year Power Purchase Agreement (the “PPA”). • In 2010, SFS EF AM committed CA$8.25 million (US$ 6.35 million (1 CAD=0.77 USD)) to the Borrower’s CA$ 32.0 million Senior Secured Term Loan (the “Term Loan”). The Term Loan has a 15-year…
JPMorgan Chase is an American multinational bank and holding company. That provide the financial services to different sectors of the country. Headquarter of the bank in in New York City. This bank is the largest bank of United States that extends its operations in different cities of the state. By comparing its assets with the all the banks of the world, this ban ranks in 16th position.…
Chapter 13 Case Study Response 1. What would you say? In speaking with Elizabeth, I would mention that the store is performing well and has been meeting expectations thus far. After being positive about the store’s performance I would lead into the issues I am having with the management there.…